Manufacturing
The manufacturing industry faces a long list of challenges that require operational focus, strategic planning and precise execution. Stonehenge focuses our manufacturing accounting knowledge and resources designed to help your business cope with the pressures and capitalize on the opportunities emerging out of today’s environment.
Manufacturers Served:
Construction products
Oilfield products
Automotive
Aerospace
Food processing
Specialty plastics
Tool and die/machine shops
And more
Manufacturing Accounting, Audit and Assurance Services
Financial statement audits, reviews and compilations
Implementation of cost accounting systems
Evaluation of financial reporting systems Internal control evaluation and analysis
Operational and Profitability Improvement Services
Cash-flow management
Inventory and data management
Product costing analysis
Comprehensive analysis of overhead allocation, purchasing and quality control
Lean manufacturing assessments to reduce waste and inventory
Evaluation of sales channels
Analysis on manufactured cost of items
Strategic planning for plant expansions
Budgeting and forecasting
Benchmarking financial performance against competitors and the industry
Key performance indicators to monitor financials, track trends and uncover opportunities
Assistance with financing requests
Operational restructuring
Tax Services
Proactive tax planning to reduce or defer taxes
Utility tax studies to identify possible sales tax exemptions
Reverse sales tax audits to identify tax refund opportunities
IC-DISC tax benefits for exporters
Research and development tax credit studies to uncover potential tax savings
Cost segregation studies to identify tax savings opportunities on company-owned facilities